What was the net change in company-owned Endless Summer Sweets outlets in 2023?
Endless_Summer_Sweets Franchise · 2024 FDDAnswer from 2024 FDD Document
Table 1 Systemwide Outlet Summary For Years 2021 to 2023
| Outlet Type | Year | Column 3 | Column 4 | Net Change |
|---|---|---|---|---|
| Outlets at the Start of the Year | Outlets at the End of the Year | |||
| Franchised | 2021 | 0 | 0 | 0 |
| 2022 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 35–38)
What This Means (2024 FDD)
According to Endless Summer Sweets' 2024 Franchise Disclosure Document, the net change in company-owned outlets during 2023 was 0. The number of company-owned outlets remained constant throughout the year. At the start of 2023, there was 1 company-owned outlet, and by the end of the year, the number remained at 1.
This indicates that Endless Summer Sweets did not open or close any company-owned stores during 2023. For a prospective franchisee, this could suggest a period of stability in the company's corporate store operations. It's important to note that this data only reflects company-owned stores and does not provide information on franchised outlet changes during the same period.
It would be beneficial for a potential franchisee to inquire about the company's strategy regarding company-owned stores versus franchised locations. Understanding the long-term plans for both types of outlets can provide a clearer picture of the franchisor's overall business model and growth strategy.